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Home Loans & Refinancing | South Barrington & Chicago, IL Area

Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out). A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.

Another way to convert equity in your home to cash is a "home equity" loan. A "home equity" loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan.

Just imagine what you could do with an extra $100, $300 or more each and every month. You might decide to apply the savings toward your balance and build equity faster. Or maybe you just might want to put the money in your savings account or portfolio and watch it GROW! The best thing is. You're in control . You decide what is best for your family!

*= The interest rates above are the current national advertised Mortgage Rates, updated daily. These are indicative rates only and are not meant to be any type of guarantee of rates currently available from Key Financial Sources, Inc. Publishing these rates is not a commitment to lend or extend credit. Credit is subject to approval, which include, among other qualifiers, income, credit and collateral. Please call one of our qualified Loan Officers to see what interest rate you may qualify for, which may or may not be the averages and examples on this page.